Coinbase CEO expects G20 countries to create Bitcoin reserves
Brian Armstrong
The CEO of cryptocurrency exchange Coinbase, Brian Armstrong, has praised Donald Trump’s administration for its decision to establish a Strategic Bitcoin Reserve in the U.S., emphasizing its importance for the industry.
In a post on X, he called the reserve’s creation a "historic moment for Bitcoin and the entire crypto industry."
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Armstrong expressed his belief that the U.S. initiative to form a national Bitcoin reserve will attract the attention of G20 countries, potentially motivating them to establish their own digital asset reserves.
Why would G20 need a Bitcoin reserve?
G20 (Group of Twenty) is an international intergovernmental forum that brings together the world's largest economies to discuss global financial and economic issues.
The G20 includes 19 countries: the United States, the United Kingdom, Germany, France, Italy, Canada, Japan, China, India, South Korea, Australia, Brazil, Argentina, Mexico, Russia, Turkey, Saudi Arabia, South Africa, and Indonesia, as well as the European Union and the African Union.
The group plays a key role in ensuring financial stability, shaping international economic policies, and responding to global challenges such as crises, inflation, and trade policy changes.
If G20 countries decide to create national Bitcoin reserves, it could significantly strengthen the cryptocurrency’s position on a global scale, increasing its recognition as a strategic asset. Such a move could accelerate institutional adoption of Bitcoin and influence the development of digital financial instruments.
However, not all G20 members support this idea. For example, Japan previously rejected the possibility of including Bitcoin in its national reserves, arguing that cryptocurrency cannot function as a traditional currency. Additionally, it is highly unlikely that China, which already has strict controls over digital assets, will follow this trend.
Previously, Coinbase CEO Brian Armstrong criticized the potential composition of the U.S. national crypto reserve, arguing that the country should adopt a Bitcoin-only approach.
